Disney will debut its own branded streaming service for US consumers in 2019 and later expand the service worldwide. This new service's initial lineup will include Toy Story 4, Frozen 2 and the live-action adaptation of The Lion King. Sarandos believes Disney's new service will be "complementary" to Netflix.

Earlier this week, when Disney announced plans to launch its own streaming service, CEO Bob Iger said the company had not yet decided how it will handle TV licensing for its Lucasfilm and Marvel titles, and may continue with third-party licensing deals or eventually add them to Disney's forthcoming streaming service.